Washington § 43.330.330 - Funding energy efficiency improvements — Risk reduction mechanisms — Legislative intent.

Full text of Washington Revised Code of Washington § 43.330.330 — Funding energy efficiency improvements — Risk reduction mechanisms — Legislative intent., with citation guidance and answers to common questions.

§ 43.330.330. Funding energy efficiency improvements — Risk reduction mechanisms — Legislative intent.

(1) The legislature finds that the creation and use of risk reduction mechanisms will promote greater involvement of local financial institutions and other financing mechanisms in funding energy efficiency improvements and will achieve greater leverage of state and federal dollars. Risk reduction mechanisms will allow financial institutions to lend to a broader pool of applicants on more attractive terms, such as potentially lower rates and longer loan terms. Placing a portion of funds in long-term risk reduction mechanisms will support a sustained level of energy efficiency investment by financial institutions while providing funding to projects quickly.
(2) It is the intent of the legislature to leverage new federal funding aimed at promoting energy efficiency projects, improving energy efficiency, and increasing family-wage jobs. To this end, the legislature intends to invest a portion of all federal funding, subject to federal requirements, for energy efficiency projects in financial mechanisms that will provide for maximum leverage of financing.
[ 2009 c 379 s 206.]

Notes

Finding—Intent—Effective date—2009 c 379: See notes following RCW 70A.50.010.

Source: official Washington text · Last verified 2026-08-27

Frequently Asked Questions About Washington § 43.330.330

What does Revised Code of Washington § 43.330.330 cover?

Section 43.330.330 ("Funding energy efficiency improvements — Risk reduction mechanisms — Legislative intent.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

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